This was the third such renegotiation by India with LNG suppliers to make
the imported fuel more affordable, using its position as one of the world's
biggest energy consumers to strike better bargains for its companies. India
has also renegotiated long-term LNG deals with Qatar's RasGas and Exxon
Mobil Corp as spot prices declined substantially amid a supply glut that
turned trading of the seaborne gas into a buyers' market. GAIL is planning
to get as much as 5 million tonnes of LNG from the United States as well,
equivalent to about 80 cargoes throughout the fiscal year.

GAIL is also working on implementing a national gas grid that is aimed at
connecting the under-served eastern part of the country to the rest of the
nation